National Presto Industries (NYSE:NPK) Stock Rating Lowered by Wall Street Zen

National Presto Industries (NYSE:NPK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of National Presto Industries in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, National Presto Industries presently has a consensus rating of “Buy”.

National Presto Industries Trading Down 2.2%

Shares of National Presto Industries stock opened at $103.04 on Friday. The firm’s 50 day simple moving average is $103.44 and its two-hundred day simple moving average is $103.02. The firm has a market capitalization of $736.73 million, a price-to-earnings ratio of 18.94 and a beta of 0.53. National Presto Industries has a 12-month low of $77.63 and a 12-month high of $120.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Operose Advisors LLC acquired a new position in National Presto Industries during the second quarter valued at $36,000. Solstein Capital LLC acquired a new stake in National Presto Industries during the 2nd quarter worth about $58,000. EverSource Wealth Advisors LLC raised its stake in shares of National Presto Industries by 969.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after buying an additional 572 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of National Presto Industries by 696.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock valued at $92,000 after buying an additional 822 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of National Presto Industries by 138.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 848 shares of the conglomerate’s stock valued at $95,000 after buying an additional 493 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.